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India Officially Cancels $500-Million Defence Deal With Israel

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This video shows you that India Officially Cancels $500-Million Defence Deal With Israel

Two weeks before Israeli Prime Minister Benjamin Netanyahu is set to visit India, New Delhi has officially cancelled a $500-million defense deal with defense giant Rafael to purchase Spike ATGM.

“Rafael has received an official statement from the Indian Ministry of Defense on the cancellation of the Spike mi$$ile deal,” read a statement from the company, adding that it had been cancelled before the signing of the contract and despite the fact that the company had fulfilled all necessary requirements.

“Rafael regrets the decision but is committed to continuing to pursue this important goal, as it has done with great success for over two decades, with a variety of innovative and advanced systems and with a commitment to the Indian Ministry of Defense,” it continued.

According to the company, the Spike was selected as a winner for the tender “after a long and lengthy process and according to all Indian procurement rules,” and the production facility the company opened in August with its local partner, industrial giant Kalyani Group near Hyderabad, will not be closed.

Rafael, which was slated to sell to India some 8,000 Spike mi$$iles and over 300 launchers, will still take part in Netanyahu’s three-day trip to New Delhi on December 14.

The Indian Express quoted ministry sources as saying that the decision to cancel the deal was based on the fact that importing the Spike would “adversely impact the program for indigenous development of the [email protected] system by DRDO [India’s Defense Research and Development Organization],” adding that India had also rejected an offer from the US-based Raytheon-Lockheed Martin for Javelin anti-tank guided mi$$iles.

Israel has been supplying India with various [email protected] systems, mi$$iles and unmanned aerial vehicles over the last few years. Until recently, most of the transactions have been kept quiet, but ties have shifted, and the east-Asian country has become one of Israel’s largest buyers of military [email protected], with annual defense deals worth over $1 billion.

Rafael has three mi$$iles in the Spike family, Spike NLOS, Spike ER, Spike MR/LR and Spike SR and has supplied over 27,000 SPIKE mi$$iles and systems to over 26 countries, including to the Philippines, Lithuania, Australia and India, where they are used by armies on various naval and land system platforms.

While Delhi cancelled the Spike deal with Rafael, the Indian Defense Ministry announced on Tuesday that it approved a $70 million deal to buy 131 surface-to-air Barak mi$$iles from Rafael for the country’s first aircraft carrier.

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